, Columnist
Boris Johnson Rolls the Dice on City’s Future
Suspending parliament has cast doubt on legislation deemed crucial to the U.K. financial services industry in case of a no-deal Brexit.
The City’s uncertain future.
Photographer: Hollie Adams/Bloomberg
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Not long after Britain voted to leave the European Union, the City of London’s chiefs grudgingly began hammering out plans for the worst: that Britain might eventually abandon the EU’s single market. Now the future is suddenly looking even more uncertain.
U.K. Prime Minister Boris Johnson’s move on Wednesday to suspend, or prorogue, Parliament before the Oct. 31 Brexit deadline has not only made an economically punitive no-deal departure potentially more likely.